FDIC Certificate #: 28672 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Busey Bank, National Association (#34642) Federal Reserve ID: 498577 Date Established: January 01, 1919 WWW:http://www.busey.com Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 2100 FDIC's unique #: 41506 Numeric code: 37 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: November 05, 1934 Last Structure Change Effective Date: Febuary 17, 2006 Last Structure Change Process Date: March 01, 2006 Last Data Update: March 01, 2006 Data Source Date: April 05, 2012
Location
Address: 7900 Summerlin Lake Drive, Fort Myers, FL 33919 County: Lee Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: South Florida Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Fort Myers-Cape Coral, FL (#2700) Core Based Statistical Area (CBSA): Cape Coral-Fort Myers, FL (#15980) CBSA Metro Statistical Area: Cape Coral-Fort Myers, FL (#15980)
Financial Summary
Total assets: $245.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2005)
Dollar figures in thousands
47Total employees (full-time equivalent)
$245,663Total assets
$7,522Cash and due from depository institutions
$185Interest-bearing balances
$2,960Securities
$4,200Federal funds sold & reverse repurchase agreements
$218,883Net loans & leases
$3,636Loan loss allowance
$0Trading account assets
$6,202Bank premises and fixed assets
$0Other real estate owned
$85Goodwill and other intangibles
$0Life insurance assets
$5,811All other assets
$245,663Total liabilities and capital
$222,827Total liabilities
$214,303Total deposits
$183,081Interest-bearing deposits
$214,303Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$7,000Other borrowed funds
$0Subordinated debt
$1,524All other liabilities
$22,836Total equity capital
$22,836Total bank equity capital
$22,836Perpetual preferred stock
$0Common stock
$1Surplus
$31,022Undivided profits
Memoranda
$-8,187Noncurrent loans and leases
$85,747Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$948Average Assets, year-to-date
$226,228Average Assets, quarterly
$0Volatile liabilities
$221,279Insider loans
$243,748FHLB advances
$106,058Loans and leases held for sale
$657Unused loan commitments
$7,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$85,747Total unused commitments
$0Restructured Loans and leases
$2,409Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$16,015Total interest income
$5,526Total interest expense
$10,489Net interest income
$1,875Provision for loan and lease losses
$466Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$466Additional noninterest income
$4,301Total noninterest expense
$2,327Salaries and employee benefits
$902Premises and equipment expense
$1,072Additional noninterest expense
$4,779Pre-tax net operating income
$206Securities gains (losses)
$1,684Applicable income taxes
$3,301Income before extraordinary items
$0Extraordinary gains - net
$3,301Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$4Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.83%Yield on earning assets
2.70%Cost of funding earning assets
5.13%Net interest margin
0.23%Noninterest income to earning assets
2.10%Noninterest expense to earning assets
1.43%Net operating income to assets
1.49%Return on assets (ROA)
2.25%Pretax return on assets
17.52%Return on equity (ROE)
17.52%Retained earnings to average equity (YTD only)
-0.00%Net charge-offs to loans
-46875.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
39,197Assets per employee
5.23%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.63%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
102.14%Net loans and leases to core deposits
189.93%Equity capital to assets
9.30%Core capital (leverage) ratio
9.29%Tier 1 risk-based capital ratio
11.91%Total risk-based capital ratio
Memoranda
$13Average assets
$221,279Average earning assets
$18,843Average equity
$204,639Average loans
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